Alcoa (AA) Buy Rating Reiterated at Goldman Sachs
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July 9, 2014 10:11 AM EDT
Alcoa (NYSE: AA) reached a new 52-week high in short order Wednesday following strong quarterly results issued Monday night.
Shares rose 4.4 percent to hit $15.50 in early trading today. That's the strongest level seen since summer 2011.
Alcoa has also seen a... More
July 9, 2014 8:59 AM EDT
JPMorgan analyst Michael Gambardeell reiterated an Overweight rating on Alcoa (NYSE: AA), boosted estimates and his price target to $18.50 (from $15.00) following better-than-expected Q2 results led by primary metals.
Gambardeell commented, "We upgraded AA to OW with a $15 target back on January 21 primarily to... More
July 9, 2014 7:42 AM EDT
Nomura Securities analyst Curt Woodworth bumped his price target on Alcoa (NYSE: AA) to $12.00 (from $8.00) following better-than-expected Q2 results but maintained a Neutral rating.
Woodworth commented, "We view Alcoas continued transformation from a commodity aluminum producer to a high margin downstream... More
July 8, 2014 4:03 PM EDT
(Updated - July 8, 2014 4:06 PM EDT)
Alcoa, Inc. (NYSE: AA) reported Q2 EPS of $0.18, $0.06 better than the analyst estimate of $0.12. Revenue for the quarter came in at $5.8 billion versus the consensus estimate of $5.66 billion.
Highlights:
Engineered Products and Solutions delivers highest after-tax-operating income in history of $204 million; record adjusted EBITDA margin of 23.1 percentGlobal Rolled Products after-tax-operating income up 34 percent sequentiallyUpstream business improves performance for 11th consecutive quarter
Continued Growth Across End Markets
Alcoa continues to project 2014... More
